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Dec 30, 2012 2:00pm PST
and angela merkel. she faces challenges on the domestic front. a report. >> let us days and look as best as we can into the crystal ball to the year ahead for angela merkel. she emerged as perhaps the world's most powerful woman, certainly germany's most popular politician, but 2013 could well be a year of living dangerously for the german chancellor. at a recent conference, she rallied the troops for an election in september. >> we have kept our promise. through our leadership, germany has emerged stronger. >> she repeated her tough stance on bailouts and the need for budgetary tightening that made her so popular in germany, but her problem is even coming first in the elections will not be enough. >> she has a very unstable coalition. she needs the coalition right now. she is considered to be a favorite coalition partner. >> at this time, the arithmetic suggests that her new coalition partner after the vote will be her biggest political opponent. this would likely signal a shift away from their hardline austerity in europe. at least at the 2013 predictions are borne out. she may have st
Dec 4, 2012 2:30pm PST
the go-ahead for the deployment of patriot missiles to turkey. >> angela merkel warns of turbulent times ahead. >> germany's exports running high as firms continue to ship goods. nato has approved turkey's request for the deployment of patriot anti-missile systems to areas along its border with syria. turkey wants the patriots to help it intercept street fire from syria's civil war. >> the alliance has also expressed its grave concern of reports that syria may be preparing to use chemical weapons against rebel forces. the statement echoes a strong warning issued by u.s. president barack obama on monday. >> more than 40,000 people have been killed since the uprising began in march 2011. here's a look at what the alliance's defense will look like on turkey's border to syria. >> it is designed to detect, intercept, and hit an enemy missile. there are batteries like these stationed in germany. some could be deployed to turkey within weeks. berlin is calling it a legitimate request from a nato ally. >> turkey has already been hit by cross-border mortar fire from syria, so it is understandable
Dec 26, 2012 2:30pm PST
, we will take a look of the role of german chancellor angela merkel in solving the eurozone debt crisis. >> we will be right back. do not go away. >> welcome back. >> 2012 is coming to an end, and a lot of people in europe will be happy to see the old year out. not a day went by without worrying about the future of europe. >> not just for finance experts. a to was also a tough year for political leaders as they lurch from one crisis summit to another, spending -- spending long as wrangling over the best strategy to solve europe cozy financial crisis. >> as europe's biggest economy, germany naturally had a large say. >> as germany's leader, angela merkel naturally made sure her voice was heard. >> she's the most powerful woman in europe. all eyes were on chancellor and to merkel -- chancellor angela merkel in 2012. the world is looking to germany to lead europe of the economic crisis. merkel discussed in germany's role at the world economic forum in january. >> what we do not want is a situation where we promise something we cannot do. if germany as a representative of europe prom
Dec 6, 2012 2:30pm PST
in other areas. >> both angela merkel and benjamin netanyahu stressed the importance of the german-israeli friendship, and both expressed hope for a solution to the conflict. merkel and netanyahu's say they share the goal of a two-state solution for israel and the palestinians -- merkel and netanyahu say they share the goal. but that kind of progress seems a long way off. >> we have to try again and again to begin negotiations. one-sided measures should be avoided. so, basically, on this issue of settlements, we have agreed to disagree. >> that was a reference to israel's controversial decision to build 3000 homes in the occupied west bank, which provoked sharp criticism from germany. netanyahu rejected that criticism but still backed talks with the palestinians. >> israel remains fully committed to achieving peace with the palestinians based on the principle of two states for to be will peoples. a demilitarized palestinian state recognizes the jewish state of israel. >> merkel, for her part, reiterated germany's absolutely commit -- absolute commitment to israel's security. >> wha
Dec 3, 2012 2:30pm PST
. in germany, chancellor angela merkel's christian democrats have begun meeting in hanover for a party conference looking ahead to next year's elections. >> merkel's party has been grappling with consensus -- contentious issues, including whether to give same-sex part ners the same privileges which married couples enjoy. and to reelect chancellor kohl as the next party chairman -- chancellor merkel as the party chair. what is in store for this congress? >> something like a coronation. angela merkel is expected to be announced as the candidate, with the -- with something like you expect to see in the chinese congress. she is expected to receive 90% backing or more. she remains germany's most popular politician. there are no rivals insight within the party. she is the undisputed leader of the cdu. you might even say she is the cdu's main message that begins -- and at the meeting that begins tomorrow -- cdu's main message at a meeting that begins tomorrow. >> are there any controversies? >> same-sex partnerships, the question of whether there should be a mandatory quotas for women on the
Dec 5, 2012 2:30pm PST
around and support it, too. angela merkel is meeting here in berlin tomorrow with the chief ministers of germany, -- germany's 16 federal states to discuss, amongst other things, this precise issue. i can say that angela merkel -- it is a well-known fact -- she is cautious and cagey about this push for a ban. they remember how a bid to get a previous -- a previous bid to get the party banned in 2003 failed. a repeat of that is precisely the thing that people want to avoid. >> the npd is not a major force in german politics. why the push to ban them now? >> because of the terrible revelations we have had about far-right wing terrorists operating out of eastern germany. you mentioned they killed 10 people, including nine members of the immigrant community. racial hatred was certainly their motive. there are revelations or allegations of links to the npd in the person of a former npd spokesman in tan eastern german state. he will be facing charges of aiding and abetting the murder spree, those nine killings. the link between the political party in a terrorist cell was a signal -- the pol
Dec 31, 2012 2:30pm PST
, they will be reaching full capacity. >> in just a moment, we will be hearing from chancellor angela merkel in her new year's message. >> first, a look at other stories making headlines around the world. the turkish prime minister has told all loans assyrian refugees the other countries on the brink of a new beginning. they will be replacing president assaad. he was joined by the head of the leader of the opposition coalition. turkey has taken on 150,000 syrian refugees. >> at least 16 people have been killed and 76 injured in a series of bomb attacks across iraq. they mainly targeted government officials and police. seven people were killed south of the capital, baghdad. >> india remains in morning two days after the death of a woman who's a gang rape earlier this month shocked the country. many hotels and clubs have closed down in respect of the woman. the rate and death triggered widespread demonstrations. >> rescue teams in colombia are searching for survivors after this varied parts of a road. they believed 20 people may be trapped under the road and there are unconfirmed reports of at least two
Dec 18, 2012 2:30pm PST
on tuesday. chancellor angela merkel was on hand for the opening of a power line between cities in the very north of the country. >> this is all part of germany's goal to try to modernize its power grid and phase out a clear power by the 2020. still, there is opposition. >> i of the german government has its way, the country will soon abound with new power lines like this one. chancellor angela merkel says it represents a milestone in germany's quest to wean itself off fossil fuels and nuclear power -- a milestone because many power lines must follow. >> this is symbolic of the amount of work we have ahead of us. it is a chance to create enthusiasm for the many projects that still have to be built. >> the challenge is to transport energy from wind farms in the country's northern coast to population centers in the south where wind is less dependable. thousands of new transition -- transmission lines have to be built, and the chancellor says they are inevitable. >> if you want renewable energy, you have to pay for more transmission lines. >> not everyone agrees. many citizen groups do not wan
Dec 30, 2012 4:00pm PST
of the euro zone. that will create significant dangers for the chancellor, angela merkel. nick spicer reports from berlin. >> let us gaze and peer as best we can into the crystal ball of angela merkel's year ahead. as the euro crisis swarlede -- about her, she emerged as perhaps the world's most powerful woman and certainly germany's most popular politician. but 2013 could well be a year of living dangerously for her. they rallied the troops in september. >> we've kept our promise. through our leadership, germany has emerged stronger from the euro crisis than when it entered it. >> merkel repeated, mantra-like, her tough stance on bailouts and the need for belt tightening. but the problem is that even coming in fishs in the elections won't be enough. >> she has a very unstable combination, and in the german political system it's impossible to just dominate everything with one party so she needs a coalition partner and her current one which she would consider to be her favorite coalition partner might disappear from the political scene for one term. >> at this time the lerl doctor eelectric o
Dec 6, 2012 12:00pm EST
in the row is president obama. heads of state occupy six of the top 10 spots with germany's chancellor angela merkel and vladimir putin drinking at two and 3. also making the list, bill gates. and pope benedict -- who is now on twitter. and by the way, mr. facebook is not on the list. >> really? >> he dropped off. >> i wonder if steve jobs would have made it? >> there is a lot of power there. the power of letting us know what is going to happen the next couple of days. >> up, down. up down. is a bumpy seven-day forecast in terms of temperatures. i think that is the best way to put it. you mentioned it is good weather for hockey. i want to take you to the rooftop camera. i zoomed in across the river. people are enjoying probably of their lunch breaks. it is actually good weather if you get outside and skates. the last few days, the ice was rather soft. but today, only 41. cooler air -- we do notd. it is very calm at this time. it is light and variable. then it ships southerly. 39 in martinsburg and papers were -- gaithersburg. chilly all across the board. compare that to this time yesterday? l
FOX Business
Dec 26, 2012 3:00pm EST
elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastrophic losses last year so the p/e ratios are a little higher than they appear. not as high as they appear rather. this year or next year's estimate fairly reasonable and they mentioned a four and .5% yield roughly, it is an attractive package. it is on a worldwide upturn in consumer demand is not happening fast. like in this coun
Dec 5, 2012 1:00pm EST
industrial average. >>> a question for you -- what do the pope, mark zuckerberg and angela merkel all have in common? they are among the voices that matter the most. we'll tell you why coming up in a few moments. >>> a check of the dow jones industrial average, we are off of our best levels of the day but considering the weight that apple is putting on the nasdaq, a lot of people thought that the dow would be negative. we're up 115 points on the trading session and we are above the 13,000 mark. "power lunch" returns in two. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've
Dec 7, 2012 2:30pm PST
could not live up to his promise. environmental groups say it is largely down to chancellor angela merkel. >> merkel has not use her voice strongly enough, and that is why the situation in the eu is so critical. it is lacking a leader, and effects are being felt everywhere. >> climate experts warn that if emissions do not sink in the coming years, the consequences will be dire. a new climate treaty is due before 2020, but after events in doha, that is looking more unlikely than ever. >> as we saw in that report, the german environment minister is playing a key role in the climate talks. we asked if he thought there would be a breakthrough. >> first of all, we are in the middle of a very, very important and difficult negotiation process. i expect negotiations going on all day and probably all night. we are very much family dependent to achieve as much as we can in the summit. i hope that we will be able to have another commitment perido -- period under the kyoto protocol. i hope as well that we can agree on a road map for negotiations on a new finding instrument for all countries wo
Dec 10, 2012 2:30pm PST
union's success. the leaders of the countries, angela merkel and francois hollande, stood up together in a gesture of unity, prompting more applause. later, barroso priase -- paised the eu's -- praised the eu's democratic principles. >> it is based on the free consent of states to share sovereignty. >> van rompuy said the states should remember those principles now during the debt crisis. he also expressed pride in being a european in his non-native language of german. not all european leaders were there to share the glory. british prime minister david cameron was notably absent. >> we're joined here in the studio by a political scientist from the european council on foreign relations. i would like to ask you to map out for us the reasons why the you got this very prestigious prize -- the eu is very prestigious prize. >> it is the only institution that managed the transition from several non-democracies to democracy. it is the first revolution in history without blood. i think that is largely worth the nobel prize, not counting the decades before or after 1949. >> some say this award
Dec 14, 2012 2:30pm PST
and chancellor angela merkel's cabinet. >> the german and parliament has voted to send patriot missiles to turkey in an attempt to prevent spillover attacks from syria's civil war. and it will be accompanied by up to 400 soldiers expected to be deployed in the coming months. >> germany is to send two patriot missile batteries to turkey by the end of next month. the mandate lasts for one year. the u.s. and the netherlands are also sending patriot to protect turkey from stray missiles. >> the reality is that assad is firing on citizens nearly every day. shells are hitting turkey and have killed a family there. a turkish plane was shot down over the mediterranean, and kassam rockets are being deployed against the civilian population. >> the german government has emphasized that the move is not in anticipation of a possible turkish invasion of syria or a possible no-fly zone. >> we have implemented a number of safeguards, created a series of fire walls, which explicitly state that neither nato nor the federal republic of germany has any interest in becoming directly party to the conflict in syria. >>
Dec 21, 2012 2:30pm PST
. current opinion polls favor the incumbent chancellor angela merkel. >> let's look ahead and have the competition is shaping up at the moment. >> according to the latest polls, chancellor merkel and her conservative party can look forward to the new year. approval ratings for the party have hit a five-year high. if parliamentary elections were to take place tomorrow, there would expect 40% of the german vote. germany's second-biggest party, the social democrats, trail far behind. germany's greens and left party would receive 13% and 7% of the vote respectively. they no longer have enough support to form a coalition with the cdu, and just 4% of germans would trust the free democrats with their vote. >> the social democrats and their candidate for chancellor, peer steinbrueck, want a change of direction, the experts say most germans want to stay the course. >> we are not seeing a shift in the national mood like we did in 1998. people really want to change after 16 years of the same coalition. the german people had grown tired of the government, and their votes reflected that. >> but
Dec 6, 2012 7:00am EST
for the update. the israeli prime minister benjamin netanyahu has met with angela merkel in berlin. he says his government has not given up on peace with palestinians. they agreed to disagree on the question of israeli settlements on the west bank. >> the basis of german-israeli relations are clear and there remain unchanged and they are quite strong enough to sustain such differences of opinion. we are discussing and friends and one must consider whether a certain step taken is helpful in bringing about a two-state solution. we are not in agreement as far as the settlement policy. >> still to come -- >> ♪ >> the war on music in mali. an artist escaping extremist radicals in the north. going south. now to a challenge named the the coldest day journey involving six months of crossing hostile terrain in temperatures of -90 celsius. trekking across antarctica. >> from the thames river, one of the most inhospitable places honored. >> antarctica is bigger than china. >> this is an immense challenge for sir reynolds. >> we take a dogleg that way and it's a $10,000 drop to the coastline. 2000 miles
Dec 14, 2012 4:00am EST
in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine didn't admit that various online campaigns were at work to influence the vote. not necessarily a legitimate tell on who readers would like to see as person of the year. so we're going to cast our own poll on "worldwide exchange." who is your pick for person of the year? e-mails us here, tweet us. i think ross westgate gets my nod. we'll see if maybe he comes out ahead in our unofficial reader poll. staying on that topic, the financial times has named its person of the year. we'll tell you who it is and talk to the newspape
Dec 5, 2012 11:00pm PST
forbes. take vo ---la lista la dominan los jefes de estado... la segunda en la lista es la alemana angela merkel, el presidente ruso vladimir ptin ocupa la tercera posicion. ---el papa bendicto 16, se encuentra en la quinta posicion. ---el lugar numero 50, lo ocupa el ex presidente bill clinton. cesar ---una estacion de radio australiana se disculpo por haber jugado una mala broma al hospital donde se encuentra recuperando la duquesa de cambridge... take vo ---dos locutores de la radio suplantaron a la reina y al principe carlos en una llamada telefonica realizada al hospital... y en la que solicitabn hablar con kate... ---la llamada se hizo al personal de enfermeria y al parecer recibieron informacion confidencial... --ahora el hospital esta analizando demandar a la radio... ---la duquesa ha estado hospitalizada por tres dias por sufrir malestares producto de su embarazo. blanca ---"citi group" anuncio que recortara mas de 11 mil empleos para reducir sus costos y ahorrar mil 100 millones de dolares al aÑo para el 2014. vo --los trabajos que sufriran el recorte son los de la unidad banca
Dec 20, 2012 11:00pm EST
german chancellor angela merkel. it's a consolidation allowing merkel to grow and make more money for shareholders. no one laughed when david did that chancellor merkel thing and no one laughed again. thank you. these deals have several things in common. first the acquiring companies aren't waiting for washington to rise above anymore. they're moving their stock and cash and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the finally, even as the sale of the new york stock exchange indicates in a symbolic way that interest in equities are waning, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an
FOX Business
Dec 17, 2012 9:20am EST
morning. all right. coming up new at 10, germany's chancellor angela merkel says europe will have to work very hard to it maintain its current standard of living. at the top of the hour, find out what she's saying about welfare and here is another development from overseas. we brought you the story last week, french actor gerard depardu, he is leaving home, leaving france because of higher taxes and handed in his passport. now, the french prime minister has some choice words for mr. depardu. he's obviously in the happy with him and find out exactly what he said at ten o'clock eastern time this morning. time is money. 30 seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washing
FOX Business
Dec 5, 2012 1:00pm EST
. the remarks, have a sit down with a german chancellor angela merkel. 230 people have died following a massive typhoonn hundreds more are missing. the typhoon slammed in with wind gusts reaching 93 miles per ho hour, tropical cyclone set off a massive landslide claiming hundreds of lives. those with a quick look at the headlines making news this hour. back to lori and melissa. lori: thank you so much. melissa: citigroup christmas present, more layoffs, charlie gasparino has discovered possibly no bonuses for those caught in the cutbacks but it citi alone in making the holiday season a crummy one for please? charlie has more. >> no. morgan stanley and goldman sachs are seriously eyeing layoffs as well. the timing of the 11,000 was pretty interesting. right before christmas and i will get into what that means in a moment. they are not denying it. based on the conditions, a nice way to say you're right on target. we are planning cutbacks. we cannot say how much they're cutting back, but they have been cutting back all year. the fact they are planning more cutbacks means they think the wall street
Dec 6, 2012 7:00am PST
vladimir putin. number two is almost the most powerful woman, angela merkel and number one was unanimous, president barack obama. ♪ everybody wants to rule the world ♪ r ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ♪ ha ha! [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there.
Dec 6, 2012 12:00pm PST
barack obama. he's followed in the top five by angela merkel, russian putin, bill gates and pope benedict xvi or at pontfx on twitter. there's an interesting name at number 62 that jumped out, joaquin guzman, the biggest and baddest drug trafficker in the world. he heads the sinaloa cartel. it's interesting they notice the underground economy, and the guy is worth like a billion dollars. he's a big reason for a lot of the cocaine, heroin and marijuana in america. >> wields a lot of power. >> i wonder what else he does. >> heroin, cocaine, marijuana. multiple industries. it's proof to me, i think, that the war on drugs has xleecomple failed if an illegal drug trafficker is in the top 60. he's been on the list since 2009, so they've known about him. it's ridiculous this soort of person would be on the list, but then it calls into question the nature of power. yes, he has this power in terms of the drug economy, but he can't just go anywhere. he's in control of the space he's in, unless there's bodyguards around him. when he goes to restaurants he locks the door and takes the cell phones and
Dec 4, 2012 4:00am EST
, angela merkel is officially launching her campaign for re-election. she's said to be wlauded for her solid leadership. the result is expected to set the stage for the federal poll national elections which take place in september. we'll talk about oracle returning cash to shareholders. plus it's just about time to break out your skis and head to the mountains. we'll find out what the financial forecast for the skiing results will be as full as they hope the slopes will be. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit today. >>> jobless claims increased by 1.5%, that pushed the total number of job seerks to 4.9 million people. but optimism about gre
Dec 6, 2012 4:00am EST
.5%. 61 million shares. it's been announced just a few minutes ago. >> has anybody spoken to angela merkel to see whether she's happy with this? >> apparently both governments say they're happy with this decision. but -- >> after the last time when they didn't bother to check with the german chancellor and assured us that it was all fine. i just wonder if that's done it properly this time. stefane, thanks for that. off to japan thousanow where ni has had a set back. the story from tokyo. >> nissan says it was recall half a million compact calls starting tomorrow. it covers the c plus c produced between february 2002 and february 2009. rear lights may not work when reversing and braking due to wiring problems and they will offer free repairs. the problem hasn't caused any accidents or injuries so far and only applies to cars sold it in japan. in china, auto sales are slowly recovering and this is good it news for nissan as the chinese market accounted for 26% of its global sales in fiscal 2011. more than its japanese peers. nissan sales in most of were down 30% from the previous year, but a
Dec 28, 2012 4:00am EST
in lower saxony should be seen as a litmus test for german chancellor angela merkel. a litmus test, alistair, do you think that we can look ahead and see whether or not merkel is going to do well or poorly when she goes to the polls? >> i think markets will be tempted to do that. the key point here, louisa, is that the balance of power in sacksny is also a parallel to the balance of power in germany. it does look like the two main opposition parties could seize power from cdu in lower saxony, despite the fact that they're going to win the plurality. less than 5% in all likelihood, which means they don't get seats in the regional parliament. now, we could see that pattern repeated at the federal level. but at the moment, i have to say opinion polls in germany at the federal level are pointing firmly to a cdu/spd grand coalition after the election next september or october. does it matter? well, you know, a lot of people are saying if we finish up with an spd green government in germany, surely there will be more forgiving of the peripherals, more inclined to be helpful in the eurozo
Dec 8, 2012 7:00pm EST
with angela merkel insistence on an austerity for greece, spain, italy? >> austerity? yes. there is no way you can do without problem with those various sponsors and sustainably go with the quid pro quo. but to do that to maintain austerity to be bailed out. over the indefinite period. this is where the rubber hits the road. where you need very disciplined policies and willingness to lend on the part of the creditors. they don't trust the borrowers who do not trust but they do for a few months. [inaudible] then a few months later so a little more discipline and a little more money. they said the vote provide the my a plan. but behind all of this side believe there is the enormous sense of commitment probably just in the part of the republic. i almost cannot imagine. and what would happen under this situation in? but with the conviction we've tried hour best but traditionally you cannot kick them while they are down. and a stand but the problem with the european union fed is monetary union's as opposed to the fiscal union. they benefited from the low interest-rate and that meant they allow the
Dec 16, 2012 10:30am EST
agree come you both, do you agree with angela merkel's insistence on austerity for greece, spain and italy? >> austerity, yes. the definition of how much. but there's no way you can deal with that problem without a substantial degree of austerity in cases where they have excesses and bubbles and various parts of the economy and deficiencies. you can't sustainably bail them out without basically quid pro quo. on the other hand, let me say you can expect them to maintain austerity and less they're going to get -- that there will be some action. or within a definite period. and this is where kind of the rubber meets the road. everybody i think understands that, let's not call austerity, but you need very discipline policy by the borrower. unity willingness to lend on a part of the creditors. accreditors don't quite trust the borrower's. the borrowers don't quite trust the creditors that they will provide the money. so they don't do this on a grand scale. they do it, comes to kind of a, they differ too much. say, we'll go in for another three months. then a few months later they come
Dec 24, 2012 1:30pm EST
. in the upper left corner after coming you that people protesting nuclear power and angela merkel malae actually respect immensely as the new chancellor of germany, she decided because of the protest to shut down nuclear power she is a nuclear physicist, so she should know better. orie tidal wave and a long time but she gave in to the unfair mental pressure and decided to shut down the nuclear power plants and in that corner you have it causes cancer and the weasel advancing in the lower left corner before they don't want hydroelectric power in the region patagonia in the argentinian chilean border. so they are opposed to hydroelectric power and in the bottom right to have a guide is supposed to wind power and you may not be able to read this but it's classic and capitalism still blows to i'm not sure what that has to of capitalism that he made short. >> that might actually turn off. >> let's review just for a second of the progress of protesters don't want vaccines, chemicals, genetically modified crops, research and genetically modified crops, animal research, biology research and nuclear powe
Dec 29, 2012 10:30am EST
in europe, coming down on them. they see it coming and they are very nervous because angela merkel in germany, the conservative government and nicolas sarkozy in france, the former conservative government where people who believe in protecting the capitalist system by bailing out every bank and big corporations the way we did here, doing that by borrowing money and then paying of these enormous debts by laying off public employees and using the money used to dig them to bar of -- pay off your borrower. the strategy everywhere. the germans and the french workers are worried so this neutralized them by saying don't worry, we won't do it to you because the issue is we are not going to hurt you because we won't leave you to pay for those spend ridge greek or spanithrif italians. very dangerous. they already have many -- house of for this nicely -- mixed fox about their fellow europeans left over from the war. those are being rekindled on a scale that should make everyone aware of the recent history. you can already see the signs of severe conflict in europe which i notice in the americ
Dec 20, 2012 9:00am EST
a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going to close this year, not a result of let's get something done by year end to avoid capital gains. >> something changed in people's attitudes, david. >> pent up demand for dealmaking that's been there. maybe a reflection that okay, going to get something done and so i feel a little bit better as a ceo in making a decision. but a lot of these have been in the works for some time but it is very interesting, jim. i don't have a straight answer. >> i'm going to buy -- i want to buy -- m and a, a huge profit. coming back. of of >> common th
Dec 5, 2012 7:00am EST
, the headline in the wall street journal, a popular german chancellor angela merkel launches a bid for a third term. we will hear from rick in lodi, california, a republican. caller: the disabilities act is a sham. i am in building construction,. works. they are already trying to come out with an international code book on disabilities. not going tos it's change the laws, and he is lying. host: you're talking about yesterday's debate in the senate. caller: exactly. i wish he would be as passionate about try to get people on the west coast back to work. if they would work as hard on that as the disabilities act, this country would not have the fiscal cliff because people would be working. everybody is always trying to blame the tea party. but tea party did not put this country in debt. but the party is trying to bring it to the attention of the people that these entitlements cannot be afforded any more. it is like your charge card. if you keep charging and taking and taking, pretty soon you have to pay it back. that is what is going on with this fiscal cliff. it's time to pay. it's not the repu
Dec 6, 2012 3:00am PST
woman angela merkel of germany. russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford and sons, channel orange by frank ocean and blunder bust by jack white. song of the year nominees include carly rae jepsen, kelly clarkson miguel and fun. grammys coming out in february. >> i'm glad i'm not a judge of the grammys. if i had to choose between -- >> the list that you just gave -- song of the year -- they won't be around in a couple of years. they just won't. >> kelly clarkson will be around. >> kelly clarkson, you're right. >> she's been around for ten years. she's been very succe
Dec 3, 2012 6:00am EST
finances are in better shape. angela merkel told a german tabloid that the question of the so-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens with this. also morgan stanley trader is under investigation by cme regulators over trades and treasury futures four years ago. at the time he was employed by goldman sachs. he's now head of global interest rates products at morgan stanley. the probe is aimed at establishing whether hadden's late trades hat manipulate closing prices and made other trades more profitable. also singapore airline says that it is in talks with interested parties to sell its 49% stake in virgin atlantic. delta is reportedly among the potential suit ors. delta is said to want to gain access on injury gain's landing rights at lond
Dec 4, 2012 9:00am EST
now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her campaign to run germany for a third time. the election is in the third quarter of next year. she actually warned against premature optimism over the crisis saying the worst is not over and we must be cautious going forward. now to a certain extent she would say that, would she not? otherwise we're not out of the woods. keep me in charge. but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. the
Dec 11, 2012 9:00am EST
from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italians essentially should ignore it. he said the spread is a con. back to you, carl. >> he is back. silvio is back. >>> as we head into the final fomc meeting of 2012 fed policymakers have traders on edge. want to get to rick santelli on that in chicago. >> i'm on edge, all right. let's do a summary before i bring my guest and friend art nolan in. december 5th you have a 2.86 trillion fed balance sheet. you have 1.65 trillion of treasuries within that. you have 884 billion of mortgage-backed securities. of course, you
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